CleanCapital, BlackRock Close Deal On 60-Project U.S. Solar Portfolio

CleanCapital has partnered with BlackRock’s global renewable power platform to close a 46.9 MW portfolio of solar assets from Ahana Renewables, a subsidiary of ATN International Inc. The portfolio consists of 60 operating solar projects in California, Massachusetts and New Jersey. The acquisition represents CleanCapital’s largest to date, as well as the first that was managed entirely through CleanCapital’s diligence software platform. With today’s announcement, CleanCapital has now acquired nearly $250 million of operating solar assets in the U.S. since its founding less than three years ago. It has done so by pairing institutional capital with technology solutions that simplify underwriting in this fragmented space, the company explains.